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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #10,321
  • Aug 19, 2011 8:44am Aug 19, 2011 8:44am
Quoting dean
You f*&in rude B*&stard Dave
I have to admit though....this week has been tough...I have been faked 4 times
the best and easy way to beat this rude guy is to show your performance in FF's trade explorer.
Then everybody will know you are successful, and I think he will apologize to you and treat every word you said as golden rules.
  • #10,322
  • Aug 19, 2011 8:52am Aug 19, 2011 8:52am
for +270 pips aprox.

(started trading this yesterday and these were on DEMO).

could/should be holding on (EU and GU are far from flattening TDI) but AU and EJ are flattening.

don't want to get too greedy and i already some nice pips (more than this) on 2 other systems.

consolidation should be in place now but i do see it higher than this. as long as EU 1.4385 holds i am looking at 1.4470 (maybe not today) although a lot of London and NY to go.

just my 0.02$

hapipipin
dreams do come true.
  • #10,323
  • Aug 19, 2011 9:09am Aug 19, 2011 9:09am
this could be a bugger to cross. will be taking short scalps on smaller TFs. i know the system is made for higher TFs but it does look to have potential on smaller TFs if u use other tools to guide u.

green pips guys

EDIT: took the EJ signal. EU wants 70 really bad LOL
dreams do come true.
  • #10,324
  • Aug 19, 2011 9:27am Aug 19, 2011 9:27am
took gold short based on H4
  • #10,325
  • Aug 19, 2011 10:10am Aug 19, 2011 10:10am
Quoting brettboz
I finally ended up long E/U. It crossed on 4H and 1H at same time and looks good so far. 4420 is the next resistance, if it looks like it might hold then will consider shorting it otherwise will hold long and see if we can go for 4485.
As I said 4420 next resistance, well it is holding here for the moment. It has spiked on the 1H and now moving down, crossed on 15, looking to cross on 1H.

I closed out half my position and letting the other half hang in there for the moment. If as I suspect 4420 will hold for the hour then will close all and call it a day.
  • #10,326
  • Edited 11:14am Aug 19, 2011 10:44am | Edited 11:14am
london profit taking has ended. back to longs.

Edit: not so sure. out. GU has a nice 1h entry short... guess next week the markets will be open so... closing the shop. Thanks EelFranz for this nice system. take care everyone.
dreams do come true.
  • #10,327
  • Aug 19, 2011 11:12am Aug 19, 2011 11:12am
Quoting 4xforex
took gold short based on H4
Could you upload the chart please? I can't see a correct signal.

Regards.
"Don't pretend that things will change, if you always do the same" A.E.
  • #10,328
  • Aug 19, 2011 11:23am Aug 19, 2011 11:23am
Bad week, i'm trying to minimize the losses, currently i win 60 pips in the week but, i have -400 pips in open entries :S All for going against the trend!!!

I'm posting the week entries later.

Regards.
"Don't pretend that things will change, if you always do the same" A.E.
  • #10,329
  • Aug 19, 2011 11:29am Aug 19, 2011 11:29am
sucess-fail by your patience.
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  • #10,330
  • Aug 19, 2011 12:18pm Aug 19, 2011 12:18pm
I Shorted USDCAD This Morning at 4AM EST as that is when FXSolutions gives me a new candle. Green Just barely poking through but stochs comfirming short so I went short in Demo.

Closed out per Big E not keeping positions in NY sesion with 21 Pips so I'm not complaining but Green was still sharp down. Question is should I have held on to trade longer?

Also does anyone hold over weekend?

Thanks
Steve
PS: Thanks Big E for what looks like a great way to trade.
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  • #10,331
  • Aug 19, 2011 12:39pm Aug 19, 2011 12:39pm
shorted eu4390
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  • #10,332
  • Aug 19, 2011 3:38pm Aug 19, 2011 3:38pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting bobowang
Another huge thread!
Is there anybody here can show his/her successful trade performance in FF's trade explorer?
That will encourage everybody to read this huge thread.

I just read through first 40 pages(tough job). It looked like Big E added several conditions here and there to this method. I am really confused. It looks like this strategy depends on experience, still a little bit subjective.

and also I can't figure out the average pips of stop loss and take profit. If anybody can show his performance in trade explorer, then we can figure...
Gess, now your in this thread talkiing about some freaking trade explorer.
You still havent learned from the other threads that you posted that crap in, that no one cares about proving anything to you.

The only proof I need is to look at my account balance at the end of the week to know if the Big E system works or not.
If you too lazy to read the entire thread and put some time into trading the system and your just looking for someone to give you a life hack so you dont have to do any actual work.
Then your SOL here.

Maybe someone else will do the work for you, but I`m not going to be the one.

Come to think of it, where is your trading system thread so we can demo it?
He who wanders, never gets lost. No good deed goes unpunished.
  • #10,333
  • Aug 19, 2011 3:43pm Aug 19, 2011 3:43pm
Quoting popeyeuk
Hi mate Watchdog is in the zipfile attached to this post.

http://www.forexfactory.com/showthre...10#post4871510

Thank you So much.....
"It always seems impossible until it is done" Nelson Mandela
  • #10,334
  • Aug 19, 2011 4:36pm Aug 19, 2011 4:36pm
Quoting sbnelson2005
I Shorted USDCAD This Morning at 4AM EST as that is when FXSolutions gives me a new candle. Green Just barely poking through but stochs comfirming short so I went short in Demo.

Closed out per Big E not keeping positions in NY sesion with 21 Pips so I'm not complaining but Green was still sharp down. Question is should I have held on to trade longer?

Also does anyone hold over weekend?

Thanks
Steve
PS: Thanks Big E for what looks like a great way to trade.
Attachment
If you follow the trading plan of Big E then, you must be estrict with all rules of it. Now , if you like follow the original rules of the system, you should have kept open the entry until see a closing signal.

About entry on Friday and keep open positions in the Weekend, almost all traders doesn't trade on Friday because it's little impredictible and they don't keep open positions in the weekend to avoid the risk of Saturday-Sunday gap.

Regards.
"Don't pretend that things will change, if you always do the same" A.E.
  • #10,335
  • Aug 19, 2011 5:24pm Aug 19, 2011 5:24pm
Quoting GT_Pips
Gess, now your in this thread talkiing about some freaking trade explorer.
You still havent learned from the other threads that you posted that crap in, that no one cares about proving anything to you.

The only proof I need is to look at my account balance at the end of the week to know if the Big E system works or not.
If you too lazy to read the entire thread and put some time into trading the system and your just looking for someone to give you a life hack so you dont have to do any actual work.
Then your SOL here.

Maybe someone else...
Well i start forex since 2 months.
After suscribing to a man who sent signal my account with that stay in the same position.
Worse, i was loosing 142 euros.
I read the Big E trading systems since 1 month.
I trade for real (with big E startegy)since 1 week and what i can say is : im in the positive of +17euros
(always playing at 1pip=1$ so 0.01 dukascopy lots)
So with big e method in 1 week of trading ive made 142+17 = 159euros so
Maybe lucky or maybe i've strictly follow the simple rules according to the basic fx like said big E.

So let see in one month how many pips i've made!
  • #10,336
  • Aug 19, 2011 6:00pm Aug 19, 2011 6:00pm
Another week over folks ...

Nothing too exciting for me this week, only traded 3 days this week, 2 of those demo and then on Thurs night finally made my first live trades ... none of which were winners, which I'm blaming on a combination of market conditions and my own overeagerness to test out "real money" trading ...

It's been said a thousand times before, but I'll say it again, trading with real money is very different to demo money.

So I'll take this weekend to get my setup sorted (now have another monitor too to help me monitor things better) and refresh myself on what has worked for me and what hasn't before tackling things proper.

And my own 2c on the whole crossing the 5 ema thing ...

Agreed that it's not a rule of the system anymore. However, IMO if it is a strong / very strong candle then usually it will cross that line anyway.

So even though it's not a requirement, it can be a good indicator (along with the others) as to the strength of the move.

My motto is - if it works for you, keep doing it.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #10,337
  • Aug 19, 2011 6:19pm Aug 19, 2011 6:19pm
Yes but you loose some extra pips by waiting that(maybe you losse the total profit).
And the strong strong movement are very hard to catch (or not if youre a luckbox)
  • #10,338
  • Aug 19, 2011 8:21pm Aug 19, 2011 8:21pm
Quoting bobowang
the best and easy way to beat this rude guy is to show your performance in FF's trade explorer.
Then everybody will know you are successful, and I think he will apologize to you and treat every word you said as golden rules.
I was joking...Davo and I are mates...arent we Dave??
Vantage...I agree..I think I might leave the first hour and let the market settle after London open. Thanks for your posts you are a real help to me and I appreciate it. Feel lke you are looking after me
And to the other guy that asked for the watchdog...sorry I forgot to tell you....if you do a search on this thread you will find the most up to date one. http://www.forexfactory.com/showthread.php?t=294327
  • #10,339
  • Aug 20, 2011 1:18am Aug 20, 2011 1:18am
I have been studying, learning and trading on demo with Big E's "Trading Made Simple" & "5 Method" since he opened the CH Stochastics thread in Dec 2009. I feel very fortunate to have been able to learn these methods from Big E and the other contributors of these two threads and am trading this method on a live account now, since November of last year (after many months of demo trading). Even with some mistakes, my account continues to grow and this week produced the highest yield to date (see screenshot). I usually only catch 1 or 2 of these moves each week but this week, I caught all 5. My only purpose for sharing this is to show that with the review and study of old charts, proper money management, the discipline to follow your trading plan and not overtrade, any trader should be able to succeed by following the simple rules of TMS. My criteria for taking these trades does not include looking at higher time frames or checking out the current trend (other than what I can see on the H1 chart) or looking at S & R areas. It does NOT include following arrows or alerts or colored dots or even checking the "slope of the TDI cross". I simply wait for the cross of green over red of the TDI and look for stochastic agreement. If the candles are small with wicks top and bottom indicating low volume or if there is consolidation with inside bars, I wait for the entry candle to move higher or lower than the setup candle before entering. I also look for double/triple tops and other simple candle patterns and keep an eye on upcoming news releases.
90% to 95% of my trades are taken on the EU because I have studied that pair the most and have some understanding of how it moves, plus I like the lower spread on that pair. I mostly trade the first 3 or 4 hrs of the London session (middle of the night for me) and sometimes the beginning of the NY session. After much research and study, my light bulb moment came when I began to comprehend that the high and low of any given day usually occurs within a 4 to 8 hours period and usually during the trading times I stated above. Following the simple TMS rules makes entry very easy (except for the occasional fake-outs if you enter too soon). I always enter and monitor the trades on the H1 chart because there are less whipsaws than the M15 or M5 time frames. The only thing left to do upon entering the trade is to define the exit. Since the EU currently has about a 190 average daily range, I have had good success using a 100 to 120 pip TP and a 40 pip SL. I also add a 25 to 35 pip trailing stop. Sometimes I monitor the trade until it closes and sometimes I go to bed and let it run, after the SL has been moved to break even +.
Big E....thanks for all your patient instruction and willingness to share your methods and your successes. As you have proven many times, this simple system if money in the bank.....I just need to get a bigger wheelbarrow! Hope you are feeling better and God bless you, sir.....
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  • #10,340
  • Aug 20, 2011 1:35am Aug 20, 2011 1:35am
Quoting Phx62
[font=Calibri][size=3]I have been studying, learning and trading on demo with Big E's "Trading Made Simple" & "5 Method" since he opened the CH Stochastics thread in Dec 2009. I feel very fortunate to have been able to learn these methods from Big E and the other contributors of these two threads and am trading this method on a live account now, since November of last year (after many months of demo trading). Even with some mistakes, my account continues to grow and this week produced the highest yield to date (see screenshot). I usually only...
Congratulations on your success with this method, and for posting here.

When you say that you use a Stop Loss of 40 pips, are you always using the same size position each time? I guess what I am asking is, do you ever use a swing low or high as a Stop Loss, and if that was only 20 pips, would you double your position size?

Do you ever calculate risk in percentage? Sorry for difficult question to understand, I just can't get around using a fixed stop for every trade...

thanks
It takes a lot for me to IGNORE you, but you can try.
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